Posts from May, 2015

  • Writing Off Bad Loans You Made So your friend was in a pinch and you thought they’d be good for it and they weren’t. It’s not all bad; you can lower your taxable income as a result. Maybe you loaned money to a friend to help with a struggling situation. But now it’s beginning to look like you are never ... Continue Reading
  • How Grandparents Are In a Great Position To Help Pay for College Grandparents can help with college and lower taxable income. A grandparent helping their grandchild pay for college can be a win all around. When a grandparent that contributes to a 529 savings plan, it lowers assets within the grandparent’s estate. This helps lowering ... Continue Reading
  • Understanding Reverse Mortgages Reverse Mortgages are usually marketed in an appealing way. This could lead to someone asking how is it possible to pay a mortgage in reverse? A reverse mortgage (also known as HECM, Home Equity Conversion Mortgage) works much like a regular mortgage but instead of you ... Continue Reading
  • Debunking 6 Myths About Business Tax Returns Taxes get more complicated for most businesses than they do for individual taxpayers. And not knowing the laws applicable to you is not a justified reason to not comply. Here’s a guide to debunking common myths about business and taxes. When first going into business for ... Continue Reading